Fiskars Oyj Abp · OMXHEX:FSKRS

Fiskars Oyj Abp — Q3 2022 Earnings Presentation

22 slides from Fiskars Oyj Abp's earnings presentation, Oct 28, 2022

  1. Slide 1: Interim Report Q3 2022

    Interim Report Q3 2022 STABLE DEVELOPMENT IN A CHALLENGING JANU ARY – SEPTEM BE R 2022 OPERATING ENVIRONMENT

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Fiskars Group believes that the expectations reflected in such forward-looking statements are reasonable, no as

  3. Slide 3: Highlights of Q3 2022

    Highlights of of Q3Q3 2022 2022 Highlights of Q3 2022 NNI INNTTHH CCOOSSTT I INNCCRREEAS ASESES I INNVVEESSTTM MENENTSTS I INN FY FY OOUUTTLO LOOOKK S A CCOONNSSLE EECUTS FLA CUT I IVE VE T A PA C T I O PARRTTI IAALLYNSLLY T O FOGGCRRU S OOW WTTHH O U R O N FY O U UUNNCCHHANGE T ANGE LOD: O D:K QQUU

  4. Slide 4: Q3 2022 Net sales on a par with record-high comparison period

    Q3 2022 Net sales on a par with record-high comparison period, clearly higher than pre-Covid NET SALES, EUR MILLION Q3 2022 NET SALES BRIDGE, EUR MILLION +0.3% +0.2%* +0.3% +0.2%* 353 +3.5 -5.9 333 +2.8 313 319 291.8 -18.3 +18.5 292.0 +0.2 292.6 302 307 292 293 +3.4% 267 +2.0% -12.1% 249 Q3 Q3 Q4 Q1

  5. Slide 5: Q3 2022 Comparable EBIT flattish

    Q3 2022 Comparable EBIT flattish COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) COMPARABLE EBIT BRIDGE, EUR MILLION EUR million % 60 20 Q3/22 vs. Q3/21 reported Q3/22 vs. Q3/21 adjusted 51.8 18 50 -0.8 +0.3 46.6 16 34.1 -1.1 +0.1 -1.5 +1.5 33.2 41.4 33.0 +0.2 35.7 14 40 36.0 36.3 34.1 33.2 12 32.

  6. Slide 6: Focus firmly on our Growth Strategy

    Focus firmly on our Growth Strategy WE FOCUS ON WINNING: LOGIC Brands Channels Countries Commercial excellence Direct to consumer TRANSFORMATION LEVERS U.S. China INNOVATION ENABLERS PEOPLE DIGITAL SUSTAINABILITY & DESIGN 6 28 OCTOBER 2022 Ⓒ FISKARS GROUP

  7. Slide 7: Transformation levers are delivering results

    Transformation levers are delivering results Q3 2022 Q1-Q3 2022 • Stable sales in a challenging operating • Sales growth across the board environment Commercial • Actions to mitigate cost increases delivering • Cost increases nearly compensated by excellence mitigation actions, gross margin -30 bps

  8. Slide 8: Concrete actions towards our sustainability targets

    Concrete actions towards our sustainability targets Approximately EUR 10 million energy efficiency investment in our Iittala factory in Finland • Natural gas powered furnaces replaced with electricity- powered furnaces • With this investment, Fiskars Group’s annual direct carbon dioxide emissions (S

  9. Slide 9: Full-year outlook unchanged

    Full-year outlook unchanged In 2022, Fiskars expects the comparable EBIT to increase from 2021 (2021: EUR 154.2 million). Fiskars closely monitors the development of consumer confidence, which has dropped to low levels in many of the company’s key markets and could impact the demand for its products

  10. Slide 10: The power of our brands

    Onko joku kuva missä Arabia 250? The power of our brands Fiskars ranked as the most valued brand in Finland for the fourth consecutive year, Arabia also rose to top 10 Survey by market research company Taloustutkimus

  11. Slide 11: Q3 2022

    Q3 2022 11 28 OCTOBER 2022 Ⓒ FISKARS GROUP

  12. Slide 12: On track with sales target - cost inflation burdening EBIT

    On track with sales target - cost inflation burdening EBIT and cash flow affected by inventory growth FINANCIAL TARGETS TRACKING FY FY LTM KPI TARGET 2020 2021 SEP 2022 NET SALES Organic, FX neutral Mid-Single-Digit growth z 3.4% 14.2% 8.0% EBIT Mid-teen EBIT margin (excl. IAC) by end of 2025 9.8% 1

  13. Slide 13: Consolidated Q3 and 1-9 2022 income statement

    Consolidated Q3 and 1-9 2022 income statement Q3 AND YTD SEPTEMBER P&L KEY FIGURES, Key Takeaways EUR MILLION Q3 YTD Gross margin up 290bps (Q3) and 170bps (YTD) vs. 2022 2021 2022 2021 2021 Net sales 292.6 291.8 944.3 901.2 Comparable gross profit 131.2 122.5 421.3 387.0 • Structural change main dr

  14. Slide 14: Q3 and 1-9 2022 EBIT bridge

    14 Q3-2021 34.1 North American Watering -0.9 Business 28 OCTOBER 2022 Adjusted 33.0 Translation FX Sales Ⓒ FISKARS GROUP Volume Q3 EBIT BRIDGE, EUR MILLION Price & Mix +0.2 Product Marketing SG&A Other Q3-2022 33.2 Q3 and 1-9 2022 EBIT bridge YTD Sep-2021 122.1 North American Watering -0.8 Business

  15. Slide 15: Vita Q3 2022: Sales growth driven by Wedgwood

    Vita Q3 2022: Sales growth driven by Wedgwood NET SALES, EUR MILLION COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) +4.8% +2.0%* EUR million % 200 187 40 20 171 15 31.9 150 134 140 30 10 121 127 24.9 24.5 24.6 111 116 5 108 100 20 0 14.4 12.4 12.2 -5 10.6 10.7 50 10 -10 -15 0 0 -20 Q3 Q4 Q1 Q2 Q3

  16. Slide 16: Terra Q3 2022: Good development with Gerber and gardening

    Terra Q3 2022: Good development with Gerber in the U.S. and gardening in Europe NET SALES, EUR MILLION COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) EUR million -3.0% % +3.4%* 40 25 200 35.5 173 31.2 157 30 20 149 150 139 118 15 113 111 108 20 17.4 17 98 16 15.0 100 12.4 10 1.8 10 6.8 6.2 5.2 5

  17. Slide 17: Crea Q3 2022: Sales declined due to back-to-school timing

    Crea Q3 2022: Sales declined mainly due to Back-to-school season timing NET SALES, EUR MILLION COMPARABLE EBIT (EUR MILLION) AND EBIT MARGIN (%) -5.5% EUR million % -12.1%* 60 15 13.9 35 52 50 47 11.7 30 46 11.3 11.4 41 44 42 43 38 10.0 25 40 36 10 8.3 8.1 8.1 20 30 5.7 15 20 5 10 10 5 0 0 0 Q3 Q4 Q

  18. Slide 18: Q3 2022 Net sales grew in Asia-Pacific, declined in Americas and Europe

    Q3 2022 Net sales grew in Asia-Pacific, but declined in the Americas and Europe NET SALES BY REGION, EUR MILLION SALES TOTAL, EUR MILLION DTC, EUR MILLION Comp. +0.3% Q3 2022 Q3 2021 Change +1.6% Change* +0.2%* -0.2%* 292 293 58 59 Europe 141.5 143.8 -1.6% -1.8% 42 Of which DTC 27.1 29.2 -7.1% -6.6%

  19. Slide 19: Q3/1-9 2022 Cash Flow affected by increased inventory levels

    Q3/1-9 2022 Cash Flow affected by increased inventory levels DISTRIBUTABLE CASH FLOW, EUR MILLION CHANGE IN LIQUIDITY, EUR MILLION Q3 YTD Sep Q3 YTD Sep 2022 2021 2022 2021 2022 2021 2022 2021 EBITDA 46 51 156 166 Cash Balance period opening 74 26 32 63 Non-cash adjustments -1 9 -16 9 Translation di

  20. Slide 20: Q3 2022 Balance Sheet: Working capital up due to inventories

    Q3 2022 Balance Sheet: Working capital up due to inventories, net debt/EBITDA in line with the target CAPITAL EMPLOYED, EUR MILLION FUNDING, EUR MILLION 30.9.22 30.9.21 31.12.21 30.9.22 30.9.21 31.12.21 GW and other intangible 506 486 489 Equity 846 793 816 PPE and biological assets 194 191 195 Inte

  21. Slide 21: Highlights of Q3 2022

    Highlights of of Q3Q3 2022 2022 Highlights of Q3 2022 NNI INNTTHH CCOOSSTT I INNCCRREEAS ASESES I INNVVEESSTTM MENENTSTS I INN FY FY OOUUTTLO LOOOKK S A CCOONNSSLE EECUTS FLA CUT I IVE VE T A PA C T I O PARRTTI IAALLYNSLLY T O FOGGCRRU S OOW WTTHH O U R O N FY O U UUNNCCHHANGE T ANGE LOD: O D:K QQUU

  22. Slide 22: Thank you!

    Fiskars Gro up 2022 Thank you! 22 28 OCTOBER 2022 Ⓒ FISKARS GROUP

Fiskars Oyj Abp — Q3 2022 Earnings Presentation on 6ix